Registration statement for securities of certain foreign private issuers

RESTATEMENT OF THE PREVIOUSLY ISSUED AUDITED CONSOLIDATED FINANCIAL STATEMENTS (Details)

v3.22.2.2
RESTATEMENT OF THE PREVIOUSLY ISSUED AUDITED CONSOLIDATED FINANCIAL STATEMENTS (Details) - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Statement of financial position        
Property and equipment, net $ 6,776,116 $ 7,596,990 [1] $ 7,399,412 [1] $ 6,261,425
Goodwill 1,320,100 1,209,953 [1] 1,209,953 [1] $ 1,209,953
Intangible assets, net 1,394,969 1,004,914 [1] 922,379 [1]  
Total Assets 17,595,407 16,957,713 [1] 17,560,148 [1]  
Deferred tax liability 723,122 875,425 [1] 736,645 [1]  
Total Liabilities 9,609,411 9,251,624 [1] 12,229,451 [1]  
Reserves (31,888,638) (32,112,799) [1] (13,844,404) [1]  
Accumulated deficit (13,493,684) (9,167,848) [1] (6,050,692) [1]  
Capital and reserves attributable to owners of Genius Group Ltd 3,641,097 7,448,935 [1] 5,330,697 [1]  
Non controlling interest 4,344,899 257,154 [1]    
Total Stockholder's Equity   7,706,089 5,330,697  
Total Liabilities and Stockholder's Equity 17,595,407 16,957,713 [1] 17,560,148 [1]  
Statement of profit or loss and other comprehensive income        
Cost of Revenue   (4,134,108) (5,024,302)  
Gross profit 2,757,458 3,499,668 [2] 4,924,755 [2]  
Loss from Operations (4,168,484) (2,680,849) [2] (1,038,873) [2]  
Loss Before Income Tax (4,618,050) (3,123,069) [2] (1,119,009) [2]  
Income Tax Benefit (Expense) 128,852 (69,245) [2] (111,310) [2]  
Net loss (4,489,198) (3,192,314) [2] (1,230,319) [2]  
Non controlling interest (173,959) (57,196) [2]    
Total Comprehensive (loss) $ (4,259,117) $ (1,063,233) [2] $ (1,538,491) [2]  
Basic earnings (loss) per share from continuing operations $ (0.28) $ (0.25) [2] $ (0.14) [2]  
Diluted earnings (loss) per share from continuing operations $ (0.28) $ (0.25) $ (0.14)  
Statement of changes in equity        
Total Equity   $ 7,706,089 $ 5,330,697  
Statement of cash flows        
Net loss $ (4,489,198) (3,192,314) [2] (1,230,319) [2]  
Amortization of deferred tax liability 105,650 (68,808) [2]    
Deferred tax liability 257,953 (138,053) [2] (84,046) [2]  
Depreciation and amortization 1,574,913 1,570,593 [2] 1,262,108 [2]  
Total adjustments to reconcile net loss to net cash used in operating activities $ 1,407,993 1,065,101 [2] (55,321) [2]  
Non-controlling interests [member]        
Statement of financial position        
Total Stockholder's Equity   257,154    
Statement of changes in equity        
Total Equity   257,154    
Reserves.        
Statement of financial position        
Total Stockholder's Equity   (32,112,799) (13,844,404)  
Statement of changes in equity        
Total Equity   (32,112,799) (13,844,404)  
Retained earnings [member]        
Statement of financial position        
Total Stockholder's Equity   (9,167,848) (6,050,692)  
Statement of changes in equity        
Total Equity   (9,167,848) (6,050,692)  
Previously stated        
Statement of financial position        
Property and equipment, net   7,250,846 7,399,412  
Goodwill   18,647,498 9,988,857  
Intangible assets, net   20,741,249 6,165,712  
Total Assets   53,785,449 31,582,385  
Deferred tax liability   4,166,946 1,317,779  
Total Liabilities   12,543,145 12,810,585  
Reserves   1,788,051 (323,067)  
Accumulated deficit   (9,526,614) (6,130,926)  
Capital and reserves attributable to owners of Genius Group Ltd   40,991,019 18,771,800  
Non controlling interest   251,285    
Total Stockholder's Equity   41,242,304 18,771,800  
Total Liabilities and Stockholder's Equity   53,785,449 31,582,385  
Statement of profit or loss and other comprehensive income        
Cost of Revenue   (4,703,841) (5,120,969)  
Gross profit   2,929,935 4,828,088  
Loss from Operations   (3,250,582) (1,135,540)  
Loss Before Income Tax   (3,692,802) (1,215,676)  
Income Tax Benefit (Expense)   216,086 (94,877)  
Net loss   (3,476,716) (1,310,553)  
Non controlling interest   (63,065)    
Total Comprehensive (loss)   $ (1,347,635) $ (1,618,725)  
Basic earnings (loss) per share from continuing operations   $ (0.27) $ (0.15)  
Statement of changes in equity        
Total Equity   $ 41,242,304 $ 18,771,800  
Statement of cash flows        
Net loss   (3,476,716) (1,310,553)  
Amortization of deferred tax liability   (166,396) (16,433)  
Deferred tax liability   (49,691)    
Depreciation and amortization   2,140,326 1,358,775  
Total adjustments to reconcile net loss to net cash used in operating activities   1,349,503 24,913  
Previously stated | Non-controlling interests [member]        
Statement of financial position        
Total Stockholder's Equity   251,285    
Statement of changes in equity        
Total Equity   251,285    
Previously stated | Reserves.        
Statement of financial position        
Total Stockholder's Equity   1,788,051 (323,067)  
Statement of changes in equity        
Total Equity   1,788,051 (323,067)  
Previously stated | Retained earnings [member]        
Statement of financial position        
Total Stockholder's Equity   (9,526,614) (6,130,926)  
Statement of changes in equity        
Total Equity   (9,526,614) (6,130,926)  
Adjustments        
Statement of financial position        
Property and equipment, net   346,144    
Goodwill   (17,437,545) (8,778,904)  
Intangible assets, net   (19,736,335) (5,243,333)  
Total Assets   (36,827,736) (14,022,237)  
Deferred tax liability   (3,291,521) (581,134)  
Total Liabilities   (3,291,521) (581,134)  
Reserves   (33,900,850) (13,521,337)  
Accumulated deficit   358,766 80,234  
Capital and reserves attributable to owners of Genius Group Ltd   (33,542,084) (13,441,103)  
Non controlling interest   5,869    
Total Stockholder's Equity   (33,536,215) (13,441,103)  
Total Liabilities and Stockholder's Equity   (36,827,736) (14,022,237)  
Statement of profit or loss and other comprehensive income        
Cost of Revenue   569,733 96,667  
Gross profit   569,733 96,667  
Loss from Operations   569,733 96,667  
Loss Before Income Tax   569,733 96,667  
Income Tax Benefit (Expense)   (285,331) (16,433)  
Net loss   284,402 80,234  
Non controlling interest   5,869    
Total Comprehensive (loss)   $ 284,402 $ 80,234  
Basic earnings (loss) per share from continuing operations   $ 0.02 $ 0.01  
Statement of changes in equity        
Total Equity   $ (33,536,215) $ (13,441,103)  
Statement of cash flows        
Net loss   284,402 80,234  
Amortization of deferred tax liability   97,588 16,433  
Deferred tax liability   187,743    
Depreciation and amortization   (569,733) (96,667)  
Total adjustments to reconcile net loss to net cash used in operating activities   (284,402) (80,234)  
Adjustments | Non-controlling interests [member]        
Statement of financial position        
Total Stockholder's Equity   5,869    
Statement of changes in equity        
Total Equity   5,869    
Adjustments | Reserves.        
Statement of financial position        
Total Stockholder's Equity   (33,900,850) (13,521,337)  
Statement of changes in equity        
Total Equity   (33,900,850) (13,521,337)  
Adjustments | Retained earnings [member]        
Statement of financial position        
Total Stockholder's Equity   358,766 80,234  
Statement of changes in equity        
Total Equity   $ 358,766 $ 80,234  
[1] Restatements in Note 35 to align with IFRS 3 book value method for business combination
[2] Restatements in Note 35 to align with IFRS 3 book value method for business combination